Pkrevenue.com

Author: Hamza Shahnawaz

  • PKR to USD on November 23, 2022

    PKR to USD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 228.75 to the US Dollar

    Selling: Rs 231.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to USD on November 22, 2022

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    PKR to SAR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to SAR on November 22, 2022

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    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to EUR on November 22, 2022

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    PKR to GBP on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to GBP on November 22, 2022

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    PKR to AED on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to AED on November 22, 2022

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    PKR to CAD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 to the Canadian Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 22, 2022

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    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • PKR to CAD on November 23, 2022

    PKR to CAD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 to the Canadian Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 22, 2022

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    PKR to USD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 228.75 to the US Dollar

    Selling: Rs 231.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to USD on November 22, 2022

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    PKR to SAR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to SAR on November 22, 2022

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    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to EUR on November 22, 2022

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    PKR to GBP on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to GBP on November 22, 2022

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    PKR to AED on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to AED on November 22, 2022

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    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • PKR to AED on November 23, 2022

    PKR to AED on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to AED on November 22, 2022

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    PKR to CAD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 to the Canadian Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 22, 2022

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    PKR to USD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 228.75 to the US Dollar

    Selling: Rs 231.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to USD on November 22, 2022

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    PKR to SAR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to SAR on November 22, 2022

    ————————————————-

    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to EUR on November 22, 2022

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    PKR to GBP on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to GBP on November 22, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • PKR to GBP on November 23, 2022

    PKR to GBP on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to GBP on November 22, 2022

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    PKR to AED on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to AED on November 22, 2022

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    PKR to CAD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 to the Canadian Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 22, 2022

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    PKR to USD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 228.75 to the US Dollar

    Selling: Rs 231.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to USD on November 22, 2022

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    PKR to SAR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to SAR on November 22, 2022

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    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to EUR on November 22, 2022

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    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • PKR to EUR on November 23, 2022

    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to EUR on November 22, 2022

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    PKR to GBP on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to GBP on November 22, 2022

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    PKR to AED on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to AED on November 22, 2022

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    PKR to CAD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 to the Canadian Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 22, 2022

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    PKR to USD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 228.75 to the US Dollar

    Selling: Rs 231.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to USD on November 22, 2022

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    PKR to SAR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to SAR on November 22, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • PKR to SAR on November 23, 2022

    PKR to SAR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to SAR on November 22, 2022

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    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to EUR on November 22, 2022

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    PKR to GBP on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to GBP on November 22, 2022

    ————————————————-

    PKR to AED on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to AED on November 22, 2022

    ————————————————-

    PKR to CAD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 to the Canadian Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 22, 2022

    ————————————————-

    PKR to USD on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 228.75 to the US Dollar

    Selling: Rs 231.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to USD on November 22, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Stocks end up on addition of Pakistani companies in global indices

    Stocks end up on addition of Pakistani companies in global indices

    KARACHI: Stock market ended up by 167 points on Tuesday after addition of four new Pakistani companies in MSCI’s frontier market.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,928 points from previous day’s closing of 42,761 points, showing an increase of 167 points.

    READ MORE: Stocks end flat amid lackluster trading activity

    Analysts at Topline Securities said that Pakistan equities had a positive day. The benchmark KSE-100 index initially opened in a green zone, made an intraday high at 43,076 (+315 points; up 0.74 per cent) before eventually settled at 42,928 for the day.

    READ MORE: Weekly Review: political situation to keep investors vigilant

    The MSCI Semi Annual Review for it Frontier Market FM100 Index where the global benchmark indices provider added 4 companies (POL, TRG, SYS, LUCK) has resulted in the aforesaid buying momentum which kept Blue-Chip Stocks in the lime light through the day.

    READ MORE: Stocks remain negative in ongoing political chaos

    During the day, Tech, Fertilizer & Auto sector stocks contributed positively to the index where SYS, ENGRO, INDU, DAWH & PAEL added 152 points, cumulatively.

    On the flip side, TRG, PPL and OGDC have witnessed some profit taking as they lost 30 points collectively, today.

    READ MORE: Stocks shed 164 points on IMF review delay

    Around 194 million shares traded today at the bourse while total value clocked in at Rs6.8 billion. WTL led the volumes chart today with trading of 18.5 million shares in it, today.

  • State Bank reviews benchmark policy rate on November 25

    State Bank reviews benchmark policy rate on November 25

    KARACHI: State Bank of Pakistan (SBP) on Tuesday said it will review the benchmark policy rate on Friday, November 25, 2022.

    “The Monetary Policy Committee of SBP will meet on Friday, November 25, 2022 at SBP Karachi to decide about the Monetary Policy,” the SBP said in a statement.

    Analysts at Arif Habib Limited believed that the SBP would keep the policy rate unchanged at 15 per cent in the upcoming monetary policy.

    READ MORE: Poll suggests SBP to keep benchmark policy rate unchanged at 15pc

    To recall, in the last MPS too, policy rate was kept unchanged at 15 per cent and this stance was taken in lieu of a continued deceleration in economic activity as well as a decline detected in headline inflation since the last meeting held in August 2022.

    The MPC further stated that the existing rate prudently reflected a balance between maintaining growth post floods and managing inflation.

    The recent Balance of Payment numbers show that Pakistan’s current account deficit decreased by 37 per cent YoY to USD 2.2 billion during 1QFY23, as against a deficit of USD 3.5 billion during the same period last year.

    READ MORE: SBP keeps policy rate unchanged at 15% amid economic deceleration

    This YoY decline is mainly on the back of lower imports and jump in exports. With the measures taken by the authorities to curb import along with decline in international commodity prices, current account deficit is likely to remain lower in FY23 compared to FY22’s CAD.

    As a result of a contained CAD and disbursement from ADB (USD 1.5 billion), the weakening of PKR against USD showed moderation since last MPS, depreciating 2.2 per cent.

    Moreover, SBP believes that Pakistan’s external financing needs should be more than fully met in FY23 aided by rollovers by bilateral official creditors, new lending from multilateral creditors, and a combination of bond issuances, FDI and portfolio inflows.

    READ MORE: SBP keeps benchmark rate unchanged at 15% amid rising inflation

    Thus, pressure on the Rupee should lessen while SBP’s foreign exchange reserves should assume the upward trajectory which currently stand at USD 8.0 billion (11-Nov-2022).

    In addition, another positive development since the last MPC meeting has been the decline in international prices of major commodities such as WTI (-8.6 per cent), Coal (-21.5 per cent), Brent (-4.8 per cent), Steel (-3.8 per cent), Wheat (-8.4 per cent) and Arab Light (-6.6 per cent). This bodes well for our external account position, hence providing much needed relief to our trade numbers.

    On the domestic front, most of the high frequency (demand) indicators showed moderation to decline in growth on YoY basis. Measures taken by the monetary and fiscal authorities to slow down the aggregate demand along with rising cost of doing business led to decline of LSMI as evident from decline in production numbers during 1QFY23 of textile (-3.3 per cent YoY), food (-6.2 per cent YoY), automobile (-32.8 per cent YoY) and petroleum (-18.9 per cent YoY). Moreover, with recent flood damaged agriculture growth, lower yields of cotton and seasonal crops could weigh on growth this year.

    READ MORE: Poll sees no policy rate change in August 22, 2022 meeting

    As mentioned in the last MPS, SBP is closely monitoring the inflation trajectory. On the inflationary front, the headline inflation continues to remain in the double digit since Nov’21 mainly on the back of uptick in food and energy prices. In the month of Oct’22, headline inflation clocked-in at 26.6 per cent YoY. However, on MoM basis, inflation increased by 4.71 per cent mainly due to FCA adjustments and food prices’ hike. With this, average inflation for 4MFY23 clocks-in at 25.5 per cent compared to 8.74 per cent in 4MFY22. Moreover, headline inflation is expected to have peaked in the out-going quarter of FY23 and is likely to come down with high base-effect kicking-in.

  • Meezan Bank signs pact to promote Islamic housing finance

    Meezan Bank signs pact to promote Islamic housing finance

    KARACHI: Meezan Bank has signed an agreement for promoting Islamic housing finance in the country.

    The bank and Pakistan Mortgage Refinance Company (PMRC), a Mortgage Liquidity Facility set up by the State Bank of Pakistan, have recently inked a Master Musharakah agreement to support and promote affordable housing finance in the country.

    Under this agreement, PMRC will provide five years fixed-rate concessional funds to Meezan Bank, which will provide much-needed support across the housing value chain.

    With the acquisition of funds worth five billion rupees, Meezan Bank aims to ultimately improve access to affordable, Shariah-compliant housing finance in Pakistan through better and more affordable rates.

    The signing ceremony took place at Meezan House, Karachi and was attended by Meezan Bank’s Founding President & CEO – Irfan Siddiqui, Deputy CEO – Ariful Islam, Group Head Consumer Finance – Syed Iftikhar ul Haq & Head of Housing Finance – Masroor Mohsin.

    PMRC was represented by their Managing Director & CEO – Mudassir H. Khan, Resident Shariah Board Member – Dr. Mufti Muhammad Yunas Ali, Head of Business – Muhammad Shahzad Khan & Head Islamic Business – Hasan Junaid Nasir.

    Irfan Siddiqui – Founding President and CEO, Meezan Bank appreciated the initiative taken by PMRC for bringing innovation in Islamic Finance market by floating funds for facilitation of end customers.

    “This initiative will support Islamic housing finance in the country despite rising KIBOR by making Shariah-compliant housing finance more affordable for the customers. We are pleased to be joining hands with PMRC as they continue to become an important player in the development of long-term housing finance in the country along with the comfort of fixed profit rates.”

    Mudassir H. Khan – Managing Director and CEO , PMRC while speaking at the occasion said: “It is indeed a milestone for both the institutions as we recognize the importance of mutual coordination between financial institutions for the growth and support of housing sector in the country. We are proud to support the largest Islamic bank in the country and believe that such collaborations will play a key role for promotion and growth of affordable housing in the country.”

  • Pearson, Cornerstone join hands to bring international education in Pakistan

    Pearson, Cornerstone join hands to bring international education in Pakistan

    LAHORE: Pearson Schools and Cornerstone Schools have join hands to bring international education for Pakistani students.

    As part of the initiative to make students in Pakistan potentially capable for joining higher education world institutions of excellence, the two educational giants Pearson Education Limited and Cornerstone School & College Global Campus, Lahore, (CSCG) have joined hands to offer Pearson Edexcel complete suits of qualifications to students from early years till A level at the CSCG campus.

    This collaboration was agreed upon after the two sides signed an agreement during a ceremony held in Lahore on Monday.

    The agreement was signed by Ms. Kathryn Booth, Director of Pearson Schools Qualifications, Middle East, North Africa, Pakistan & Turkey, and Ms. Wajeeha Raoof, Director Cornerstone Schools.

    Senior officials of both the organizations, academicians and guest students were also present on the occasion.

    As per details, the scope of this collaboration will allow Pearson and the Cornerstone Schools to continue collaborating for Pearson Edexcel exams, supporting resources and professional development courses at the Global Campus, Lahore

    The agreement envisages that Pearson will provide at the CSCG campus unmatched data analysis and exam support tools, PD teachers training and resources support.

    On the other hand, the CSCG campus will offer to students all suits of Pearson qualifications including Early Years, Int. GCSE and A level exams, support Pearson’s qualifications monitoring process, introduce the programs at their all campuses and branches.

    In her remarks on the occasion, Wajeeha Raoof expressed her full confidence in the academic programs development capacities of the Pearson and said that our students will be able to get the Pearson Edexcel qualifications to potentially enter the arena of international education in renowned educational institutions.

    Kathryn Booth appreciated the leadership of Cornerstone Schools for their ongoing collaboration with Pearson through their valued partnership of seven years. She highlighted the significance of Pearson Edexcel qualifications saying the students at the Cornerstone global campus will get a rich opportunity to equip themselves with critical skills to enable them to succeed in future education and the world of work.

    At the conclusion of the ceremony, a question-answer session was also held where the audience raised a number of questions regarding this collaboration and future prospects as well.

    At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our 20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data.